LIC Jeevan Lakshya Plan No 933
A Non-linked, participating individual life insurance plan from LIC called Jeevan Lakshya combines savings and protection. This plan offers an annual income benefit that might assist in meeting the family’s needs in the event of the policyholder’s untimely death at any point prior to maturity, mainly for the benefit of the children, as well as a lump sum payment at maturity regardless of the policyholder’s survival. The borrowing facility under this scheme also meets liquidity demands.
Description
Annual Income Benefit:
Distinct benefit that can help in the case of an untimely parental death to satisfy the needs of the family, especially the children.
Limited Premium Payment:
With Jeevan Lakshya, you may enjoy three extra years of cost-free life insurance while paying premiums for three years fewer than the policy duration.
Perfect Plan for saving with safe returns:
Millions of Indians rely on LIC, so you can invest with confidence knowing that your money is secure. You may also feel more at ease knowing that your plan will provide safe returns once you purchase it.
Eligibility Conditions:
| Minimum Basic Sum Assured | 100,000 |
| Maximum Basic Sum Assured | No Limit |
| Policy Term | 13 to 25 years |
| Premium Paying Term | (Policy Term – 3) years |
| Minimum Age at entry | 18 years (last birthday) |
| Maximum Age at entry | 50 years (nearer birthday) |
| Maximum Maturity Age | 65 years (nearer birthday) |
(The Basic Sum Assured shall be in multiples of – 10,000/-)
Note: Buy this plan with term rider benefit.
LIC’s New Term Assurance Rider (UIN: 512B210V01)
This rider is only accessible at the policy’s start. This rider’s benefit coverage will be available for use for the duration of the insurance. If this rider is selected, upon the death of the life insured within the policy term, a sum equal to the Term Assurance Rider Sum Assured will be paid.
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